Helicopter Ben Bernake to the Rescue

The Financial Times reports that Wall Street was reassured by Ben Bernake’s remarks that the Fed stands by to boost US growth:
Treasury yields rose after Mr Bernanke spoke, as the market had expected an indication of more bond buying or quantitati…

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5 Horrors of Inflation *Update*

**Scroll for Updates** Ronald Reagan and Jack Kemp wanted to index everything, especially Treasury notes and taxes.  By “indexing,” we mean tying rates (interest and tax) to the inflation rate.  Calls for indexing subsided after Reagan and Volcker did what Ford and Carter could not:  whip inflation now. With a $2 trillion deficit this year [...]

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